UB Ventures’ new fund secured capital from its parent company, Wistron’s Wise Cap subsidiary, banks and other investors.

The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.

Kuroneko Innovation Fund 2 has $51.5m in capital to continue to invest in strategic areas like cleantech, spacetech, fintech, robotics and AI.

CVC veteran Takuya Hosomura, who spent a combined eight years at Rakuten Capital and Salesforce Ventures, joined Global Brain as a partner.

Nobuyuki Toyoda has announced his departure from JSR's New Business Creation Department due to health issues.

Aramco Ventures believes generative AI will be part of helping the Saudi oil major meet its 2050 net zero target.

The AI accelerator jointly created by Nvidia, Tribe and Digital Industry Singapore will choose 15 Singaporean startups for its first cohort.

Universities in Australia and New Zealand typically take a higher portion of ownership in spinout companies. Founders are calling for more standardised deal terms.

The university will cooperate with the VC firm on startup investment, research and human resources development.

SC Ventures, the innovation arm of Standard Chartered bank, has gone big on building its own startups. It has launched more than 15 so far and always has a pipeline of 30 projects.